INCREDIBLE INVESTMENT OPPORTUNITY in the heart of REO Town! Don't miss your chance to add this fully occupied 4-unit, 2-story home to your portfolio! This charming craftsman era home consists of two 1-bedroom and 2-studio apartments. Covered back porch and fenced back yard shared between lower units. Two attached 10' x 18' storage sheds. This home offers separate gas meters and furnaces for each unit, as well as two electric meters and two water meters. Full tearoff & new roof - 2021. City of Lansing Rental Certificate renewed through 6/1/2026. Located just moments from all the shops and amenities of REO Town and the Lansing River Trail. Quick I-496 access for easy commuting. Minutes from downtown and MSU.
Sold for $212,000
$212,000
120-122 E Elm St, Lansing, MI 48910
2beds
4baths
--sqft
MultiFamily
Built in 1925
-- sqft lot
$222,500 Zestimate®
$--/sqft
$1,299 Estimated rent
Home value
$222,500
$200,000 - $247,000
$1,299/mo
Zestimate® history
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$1,556/mo
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$1,556/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jonathan Lum 517-798-6264,
EXIT Realty Home Partners,
HPR Team,
EXIT Realty Home Partners
Bought with:
Brianna Garrett, 6501436561
Good Company Realty
Source: Greater Lansing AOR,MLS#: 287946
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Laundry: None
Features
- Flooring: Combination, Tile, Vinyl, Wood
- Windows: Wood Frames
- Basement: Block,Full
- Has fireplace: No
Interior area
- Finished area above ground: 2,048
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Off Street, Paved
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Rear Porch
- Exterior features: Private Yard, Rain Gutters
- Fencing: Fenced,Wood
Lot
- Size: 2,178 Square Feet
- Dimensions: 53.5 x 44
- Features: Back Yard, City Lot, Level
Details
- Parcel number: 33010121257175
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sparrows
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $62,895
- Date on market: 5/18/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2025 | Sold | $212,000-5.8% |
Source:  Greater Lansing AOR #287946 Report a problem | ||
| 7/22/2025 | Pending sale | $225,000 |
Source: Greater Lansing AOR #287946 Report a problem | ||
| 7/8/2025 | Contingent | $225,000 |
Source: Greater Lansing AOR #287946 Report a problem | ||
| 5/18/2025 | Listed for sale | $225,000+76.5% |
Source: Greater Lansing AOR #287946 Report a problem | ||
| 3/31/2021 | Sold | $127,500 |
Source: Greater Lansing AOR #252905 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: REO Town
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Nearby schools
GreatSchools rating
- 4/10Pattengill AcademyGrades: PK-8Distance: 2 mi
- 3/10J.W. Sexton High SchoolGrades: 9-12Distance: 1.5 mi
- 4/10Lewton SchoolGrades: PK-8Distance: 2.1 mi
Schools provided by the listing agent
- High: Lansing
Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$222,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$222,500
- Michigan
- Ingham County
- Lansing
- 48910
- REO Town
- 120-122 E Elm St
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